09:50 ET -- Galaxy Digital Holdings expects to make billions on an agreement with CoreWeave, the startup that rents out access to Nvidia chips. The digital asset and blockchain company entered into a 15-year lease agreement with CoreWeave, which makes its public debut later Friday, in which it will provide 133 megawatts of data center capacity to host and support CoreWeave's artificial intelligence and high-performance computing efforts. Over the life of the agreement, Galaxy expects to generate about $4.5 billion in revenue. Benchmark's Mark Palmer in a research note says the estimated revenue from the deal likely reflects CoreWeave's commitment to fund all the capital investments required to upgrade its data centers, among other things. (denny.jacob@wsj.com; @pennedbyden)
(END) Dow Jones Newswires
March 28, 2025 09:50 ET (13:50 GMT)
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